moratorium

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Related topics: Government, Law, Loans

mor·a·to·ri·um /ˌmɒrəˈtɔːriəm $ ˌmɔː-/ noun (plural moratoriums or moratoria) [countableC usually singular]

1 PGSTOP something THAT IS HAPPENINGan official stopping of an activity for a period of time 〔官方对某项活动的〕暂停

moratorium on

a moratorium on nuclear testing

核试验的暂停

2 SCLBFLa law or an agreement that gives people more time to pay their debts 允许延期偿债的法律[协议]

a two-year moratorium on interest payments

两年延后付息

Examples from the Corpus

moratorium• The suggestion for a moratorium on nuclear testing, with its overtones of propaganda, was old and unexciting.• In 1992, Mr Mitterrand imposed a moratorium on the explosions and urged other nuclear powers to follow suit.• But his environment colleague, Finnin Aerts, wants a moratorium on further nuclear plants.• Each side accused the other of renewing the fighting and of breaking the air moratorium.• He was furious with Khrushchev for breaking the moratorium, but he refused to be stampeded into a new series of tests.• Two years later the moratorium was confirmed, although it has never become a formal agreement.• The moratorium on national curriculum change gives a small opportunity for professional development courses to grow.• The nations augmented the prohibitions in 1993 with a voluntary moratorium on disposing of low-level radioactive waste.• a one-year moratorium on interest payments

moratorium on• The amendment would put a moratorium on offshore drilling for oil.

From Longman Business Dictionary

moratoriummor·a·to·ri·um /ˌmɒrəˈtɔːriəmˌmɔː-/ noun (plural moratoria /-riə/ or moratoriums) [countableC usually singular]

1a period of time when a particular activity is officially stopped

the lifting (=ending) of a trade moratorium

moratorium on

the US moratorium on the production and export of landmines

2 (also debt moratorium)FINANCE a law or an agreement that gives countries, organizations etc more time to pay their debts

Banks have helped out several big property concerns on the verge of insolvency by offering debt moratoriums or other refinancing options.

moratorium on

When a business finds itself seriously short of cash, it can ask its creditors for a moratorium on debt payments.

Origin moratorium

(1800-1900) Modern Latin Late Latin moratorius “delaying”, from Latin morari “to delay”

Chinese

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